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China-based company IP Application Development is suing Apple for $1.6 billion and an apology for alleged infringement on use of its trademarked iPad name, reports Apple Insider. Apple had initially bought the trademark from the company for $55,000, but the lawsuit maintains that the deal did not include rights...

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Apple's stock is hitting new highs during today's trading. It's currently at $494. That makes its market cap ($460 billion) greater than Google ($198 billion) and Microsoft ($257 billion) combined. The crazy thing is that Apple is just getting started. It could sell a ton of iPhones, iPads, and...

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Google is getting close to launching Drive, an online storage service that would compete with Dropbox and Microsoft's SkyDrive. That's according to Amir Efrati of the Wall Street Journal, who reports that the service will launch in "weeks or months." Google Drive will let users store photos, documents, and...

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Apple will reveal the newest iPad in the first week of March at a special event in San Francisco, John Paczkowski All Things D reports. According to Paczkowski's sources, the next iPad will have a faster processor, and a high resolution display. More to come ... Please follow SAI...

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techcrunch.com

It looks like Path has heeded the words of investor Michael Arrington. Yesterday, the startup faced a major privacy backlash when it was revealed that the social app was uploading user’s address book data without actually telling the user. Co-founder and CEO Dave Morin was apologetic, and there was a...

techcrunch.com

Everloop, the social network for children under 13, is planning to launch a mobile application, making it one of the first companies to attempt a mobile, social network just for kids. The app, arriving in the third week of June, will translate the desktop experience to the small screen, beginning...

thenextweb.com

Indian e-commerce site Flipkart is reported to have bought local rival LetsBuy, according to a report from Medianama. The deal is expected to be confirmed over the coming few days, with sources speculating that it could be worth $20-30 million. When asked by Medianama about the deal, Manish Vij, who...

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While being Interviewed for a Japanese TV program, a Foxconn recruiter let it slip that the iPhone 5 comes out in June, reports Apple Insider. A woman asked the recruiter recruiter how many new employees the company is aims to hire. "We're looking for 18,000 employees…for the fifth-generation phone,"...

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Here's the latest in Samsung's ads ripping Apple customers who line up for the iPhone. Somehow we're supposed to believe that people who love the iPhone would jump out line for an oversized phone with a stylus. Or, maybe we're not. It's an ad after all, not a documentary....

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Google is about to unveil an internet commenting system that will plug into Google+, search, and other web services, reports The Next Web. You've likely seen Facebook's own commenting system around the web, allowing users to leave comments on pages using their Facebook accounts. This is Google's response, except...

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At our IGNITION conference last fall, Mark Cuban summed up his life in one quip: "Someone has to be the world's luckiest person!" Cuban certainly could be the world's "luckiest man," but that would discount his incredible savvy as a businessman and investor. Cuban made his fortune when he...

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As Google is set to acquire Motorola and the company's 17,000 patents, it's planning on asking for the same 2.25% maximum royalty per unit that Motorola is already demanding for every iPhone sold, reports Philip Elmer-DeWitt of CNN. Apple obviously takes issue with this, and so does entrepreneur and lobbyist...

techcrunch.com

eToro, the investment network that uses real-time features to let users follow and trade based on other users’ activities, has raised another $15 million in funding in a venture round led by Spark Capital with participation from existing investors, who include BRM Capital, Venture51 and Cubit Investments. The investment takes...

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Facebook has flopped on the public markets, and now we have vivid evidence of how badly Silicon Valley is reeling in the fallout. Paul Graham, cofounder of Silicon Valley's most important startup incubator, Y-Combinator, has sent an email to portfolio companies warning them "bad times" may be ahead. He warns:...

venturebeat.com

Until Kickstarter started gaining attention for giving people a place to raise huge amounts of money very quickly, the term crowdfunding didn’t mean much. Now, crowdfunding has become a full-fledged industry, contributing $1.5 billion to new ventures in 2011. That total includes pledges from average people backing quirky projects like the...

techcrunch.com

According to a new SEC filing, investor Chris Sacca is raising as much as $25 million for his new fund, Lowercase Spur. As Bloomberg BusinessWeek reported a month ago, Sacca is in the process of raising capital for Lowercase Spur, which is set to invest in startups over the next...

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Apple is in early discussions with Sam's Club to open retail locations inside of its stores, reports 9to5Mac. Sam's Club already sells Apple's iPhones, iPods, and iPads, but the proposed arrangement would allow for a store-in-a-store situation. Apple is already planning this same scenario under a partnership with Target. There's...

eu.techcrunch.com

OZON, often dubbed the ‘Amazon of Russia’, has acquired 100% of Sapato.ru, often dubbed the ‘Zappos of Russia’. I hope I don’t really need to remind you that Amazon acquired Zappos back in 2009. The acquisition of the online shoe and accessories retailer, which had been whispered about for the...

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Zooey Deschanel isn't the only celebrity to sling for Apple. Here's a relaxed Samuel L. Jackson using Siri to make some gazpacho. It's a fantastic ad, but we still don't think people want to talk to their phones. Please follow SAI on Twitter and Facebook.Join the conversation about this story...

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Mike Arrington, an investor in Path, just called out the company and Dave Morin after it was revealed that Path is storing address book data. He told Morin and his company that it should just delete all the stored address books on its servers on his personal blog, Uncrunched....

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thenextweb.com

Startup Monthly demo day featured over ten startups which pitched on stage in front of a panel of expert judges including David Weekly (founder of PBworks, Hacker Dojo, SuperHappyDevHouse, Mexican.VC). LinkedIn, Ang, Greg Kidd - Founder at 3taps, first round investor in Twitter, Square. LinkedIn, and AngelList and Keith Teare - Founder at Archimedes Labs, business Partner at TechCrunch It was a fast...

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No sooner had the latest iPad come out than people began complaining that it got too hot. Customers bitched. Consumer Reports frantically conducted tests. And pundits began worrying about another antenna-gate disaster. From all the huffing and moaning, you would have thought you could fry eggs on the thing....

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I have written about this topic before but it's important and I want to say it again. Investing in startups is risky. If you make just one investment, you are likely going to lose everything. If you make two, you are still likely to lose money. If you make five,...

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Google's $12.5 billion deal to buy Motorola will be cleared as early as next week. The Wall Street Journal reports that the U.S. Department of Justice plans to approve the deal next week. European regulators have also set a deadline of next Monday to decide whether or not to...

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Starbucks, the giant coffee seller, just invested $25 million in Square, the San Francisco-based payments startup. In an email announcing the news, Square just acknowledged what we reported last month: The company is raising a Series D round of financing. Starbucks is taking a small piece of that round. Square...

searchengineland.com

Yahoo has suffered through its fair share of turmoil over the last few years: a revolving door of CEOs, significant layoffs, investor revolts, and a declining share of the search space, both paid and organic. One recent bright spot for Yahoo was their first year over year growth in search...

techcrunch.com

DogVacay launched in March this year as an Airbnb for dogs — offering owners an alternative to soul-less kennels and expensive dog sitting services for when they need to leave town and leave their pooches behind. Since then, the service has picked up some traction, and to continue its growth,...